A collection of sage investment executives gathered at the Milken Institute Global Conference this week to discuss the state of financial markets. Here is some of the insight shared by panelists during the Reading the Tea Leaves: Where are Markets Headed? session.

New York City Mayor Michael Bloomberg blames the intensity of superstorm Sandy, which struck Mid-Atlantic and Northeast states in October, on pollution caused by coal energy. He spoke at the ARPA-E Energy Innovation Summit in Maryland.

“Sandy was developed by warmer-than-normal ocean waters, and it was amped by rising sea levels, and because a warmer atmosphere holds more moisture, when the storm came, it packed a greater wallop.[…] Continue Reading »

American innovation brought about the natural gas production boom the U.S. is now experiencing, and Americans would be fools not to capitalize on it, energy tycoon T. Boone Pickens said at the ARPA-E Energy Innovation Summit in Maryland.

The U.S. has the advantages of the Marcellus Shale Formation — which mostly sits under New York, Pennsylvania, West Virginia and Ohio and is the world’s biggest natural gas field — and the technology to successfully extract gas from it, Pickens said.[…] Continue Reading »

Jack Gerard is president and CEO of the American Petroleum Institute, which represents U.S. oil and natural gas industry interests nationwide.

What was the biggest challenge for the oil and natural gas industry this year?

Our greatest challenge was ensuring that energy — and oil and natural gas in particular — remained front and center in the public political debate in a critical election year — and using a tightly contested election year to effectively advance both our priority advocacy objectives as well as our core messages on the value of America’s oil and natural gas industry.[…] Continue Reading »